The Greedy Trader Weekly Analysis
Sign In Jun 14, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/7/2019
Sign In to see current Signals.
Prudential Financial
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 5 consecutive negative weeks for the Prudential Financial (PRU). During the week, the PRU gained 7.04 points, or 7.62%, and closed at 99.42 on Friday, June 7, 2019. PRU was trading at average weekly trading volume.

PRU is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PRU long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 127.14 and reached 75.61 on December 26, 2018. PRU lost 51.53 points, or 40.53%, in 47 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (63.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PRU may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See PRU medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 75.61 and reached 106.40 on May 1, 2019. PRU gained -30.79 points, or -40.72%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (103.26) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See PRU weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PRU short-term trend chart]
A short-term downtrend had started on May 1, 2019 at 106.40 and reached 91.71 on June 3, 2019. PRU lost 14.69 points, or 13.81%, in 33 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (89.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PRU may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See PRU daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.61
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 76.77
Greed/Fear Indicator (GFI) 70.23
Moving Average Converg./Diverg. (MACD) -0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.17
Williams' Percentage Range (W%R) 35.40
Lane's Stochastic (%D-Slow) 52.16
Greed/Fear Indicator (GFI) 56.61
Moving Average Converg./Diverg. (MACD) 1.08
Trading Signals
Description Value Chart
Monthly Trendline Resistance 111.17
Monthly Trendline Support 103.26
Upper Bollinger Band 102.50
50 Day Moving Average 99.49
Price 99.42
Daily Stochastic Crossing 99.35
Weekly Stochastic Crossing 98.66
20 Day Moving Average 97.88
Weekly Trendline Resistance 97.55
Lower Bollinger Band 93.97
Parabolic System 91.79
Weekly Trendline Support 89.27
Quarterly Trendline Resistance 84.56
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Diversified Investments 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 91.71
Low Date 06/03/2019
High 100.28
High Date 06/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 97.55
Support 89.27
High 106.40
High Date 05/01/2019
Low 91.71
Low Date 06/03/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 111.17
Support 103.26
Low 75.61
Low Date 12/26/2018
High 106.40
High Date 05/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 84.56
Support 63.39
High 127.14
High Date 01/29/2018
Low 75.61
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.63
Low Date 03/09/2009
High 127.14
High Date 01/29/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.